This document summarizes an article that investigates optimizing the placement and sizing of a Thyristor Controlled Phase Shifting Transformer (TCPST) and Thyristor Controlled Series Capacitor (TCSC) combination on a 30-bus power system using a Particle Swarm Optimization (PSO) algorithm. The PSO algorithm was used to determine the optimal location and ratings of the TCPST-TCSC devices to minimize power losses. Implementing the optimized TCPST-TCSC combination resulted in a 46.47% reduction in power losses, outperforming the use of capacitor banks alone which achieved a 42.03% reduction. The TCPST-TCSC solution found with PSO also performed